ESX 2022

Session Details

June 16

8:00- 9:00 AM CT
Business of Security

Handling Contract Modification Risks

A fork can be used as a tool or a weapon.

The same is true for your modified residential and commercial subscriber contracts, including new construction builder contracts. In every contract, risk management is quite broad in its overall scope and covers many varieties of potential risk factors. Some contract changes or modifications are self-inflicted potential weapons, such as striking a limitation of liability clause, while others are more business-related tools, like changing the length of the contract. Regardless, whether the contract modification is linked to business or legal considerations, there is a cause and effect that conveys certain consequences for those actions that add to your risk factors. Join this educational session to learn about managing the risk of contract changes or modifications.

In this session, a legal expert will discuss simple, practical, and useful information about contractual risk issues that you can use as a guideline, such as:

Understanding risk management before modifying contracts

What contract modification should never be done and why

Best contract practice processes for keeping you out of legal hot water

At what times you should consult with your insurance provider and/or attorney


The Business of Security

Identify proven practices that take your company to the next level, financially, legally, and operationally. Learn to manage your risks, improve top line revenues and bottom-line profits, and increase RMR.

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Timothy Pastore